Universal Forest Products (UFPI) Releases Earnings Results, Beats Expectations By $0.01 EPS

Universal Forest Products (UFPI) announced its most recent quarterly financial results on Tuesday, Oct-18-2016. UFPI said it had a profit of $1.36 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $1.35. The company posted revenue of $826.70 million in the period, compared to analysts expectations of $856.32 million. UFPI’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS.

Universal Forest Products opened for trading at $98.53 and hit $100.96 on the upside on Friday, eventually ending the session at $98.61, with a gain of 0.86% or 0.84 points. The heightened volatility saw the trading volume jump to 1,00,394 shares. Company has a market cap of $2,003 M.

In a different news, on Sep 20, 2016, Matthew J Missad (Chief Executive Officer) sold 1,000 shares at $102.75 per share price. According to the SEC, on Sep 7, 2016, Robert D Coleman (Exec Vice Pres Manufacturing) sold 2,500 shares at $108.17 per share price. On Sep 6, 2016, Charles Scott Greene (Executive VP Marketing) sold 4,639 shares at $109.99 per share price, according to the Form-4 filing with the securities and exchange commission.

Universal Forest Products Inc. is a holding company. The Company capital management and administrative resources to subsidiaries that supply wood wood composite and other products to three primary markets: retail housing and construction and industrial. The Company’s retail market comprises building materials sold primarily to national home center retailers retail-oriented regional lumber yards and contractor-oriented lumber yards. Its housing and construction market comprises three submarkets manufactured housing customers residential construction customers and commercial construction customers. Its industrial market is defined as industrial manufacturers and other customers for packaging material handling and other applications. The Company’s segments include Eastern Western Site-Built Consumer Products Distribution and Pinelli Universal.

Universal Forest Products

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